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City Index vs CMC Markets 2020
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | City Index | CMC Markets |
| Overall | ||
| City Index Review | CMC Markets Review | |
| 72% of retail CFD accounts lose money | 70.5% of retail CFD accounts lose money |
Regulation
| Feature | City Index | CMC Markets |
| Trust Score | 93 | 99 |
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Year Founded |
1983 | 1989 |
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Publicly Traded (Listed) |
Yes | Yes |
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Bank |
No | No |
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Tier-1 Licenses |
3 | 4 |
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Tier-2 Licenses |
0 | 2 |
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Tier-3 Licenses |
1 | 0 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | City Index | CMC Markets |
|
ASIC Authorised (Australia) |
Yes | Yes |
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IIROC Authorised (Canada) |
No | Yes |
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SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
Yes | Yes |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | City Index | CMC Markets |
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Forex: Spot Trading |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
84 | 180 |
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CFDs - Total Offered |
4500 | 9848 |
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Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | City Index | CMC Markets |
|
Average Spread EUR/USD - Standard |
0.8 (Oct 19) | 0.81 (as of Oct 19) |
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All-in Cost EUR/USD - Active |
0.8 (Oct 19) | 0.81 (as of Oct 19) |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | City Index | CMC Markets |
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Minimum Initial Deposit |
£50.00 | $0.00 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | Yes |
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Skrill (Deposit/Withdraw) |
No | No |
Trading Platforms
| Feature | City Index | CMC Markets |
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Proprietary Platform |
Yes | Yes |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
No | No |
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cTrader |
No | No |
Trading Tools
| Feature | City Index | CMC Markets |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
18 | 8 |
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Charting - Indicators / Studies (Total) |
139 | 79 |
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Charting - Drawing Tools (Total) |
25 | 24 |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | City Index | CMC Markets |
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Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | Yes |
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Charting - Indicators / Studies |
74 | 23 |
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Charting - Draw Trend Lines |
Yes | Yes |
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Charting - Trend Lines Moveable |
No | Yes |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | Yes |
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Forex Calendar |
Yes | Yes |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | City Index | CMC Markets |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Weekly Webinars |
No | Yes |
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AutoChartist |
Yes | No |
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Trading Central (Recognia) |
Yes | Yes |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | Yes |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | City Index | CMC Markets |
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Has Education - Forex |
Yes | Yes |
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Has Education - CFDs |
Yes | Yes |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | Yes |
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Investor Dictionary (Glossary) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | City Index | CMC Markets |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | City Index | CMC Markets |
| City Index Review | CMC Markets Review | |
| Overall | ||
| Winner | check_circle |
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. CMC Markets is a better option with a 5.00 star rating over City Index's 4.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. City Index and CMC Markets both are regulated in a major hub. City Index and CMC Markets are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. CMC Markets offers its clients access to 180 different currency pairs while City Index has 84 available pairs, a difference of 96.
To round out our comparison of City Index vs CMC Markets, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. City Index alongside CMC Markets offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. City Index boasts an offering of 25 charting tools compared to CMC Markets's 24 available charting tools. CMC Markets trails City Index by 60 total different indicators (for example, moving averages), with City Index offering 139 and CMC Markets offering 79.
City Index Review
CMC Markets Review
Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
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